Spanish private-equity firm Corporacion Financiera Alba has acquired a 5% stake in Ebro Foods, one of the country’s largest food makers.

Alba said yesterday (9 September) it had paid EUR114m (US$144.8m) for a 5.2% shareholding in Ebro, the rice and pasta processor.

“Among the factors considered in deciding this investment has been worth the growth potential of the company, its broad international presence, leadership position, financial strength, and, in particular, its trends in recent years and the ability of its management team,” Alba said in a statement.